article thumbnail

Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

That improved balance sheet for green buildings translates directly into green buildings having over 30% fewer commercial mortgage backed securities defaults. There is no underwriting justification for lenders charging the same interest rates on mortgages secured by green buildings. Today there is a nascent (.

Green 293
article thumbnail

Ilke Homes files administration notice

Construction Enquirer

The Enquirer understands that ilke is being offered to potential buyers for bids over £1 with a number of major house builders approached over a possible deal. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.

Equity 107
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ISG margins squeezed as orders hit record £1.9bn

Construction Enquirer

In his first year as chief executive, Matt Blowers saw the firm secure its largest ever job, a £600m order to deliver Sunset Waltham Cross Studios development in Broxbourne, Hertfordshire. ISG also made inroads to the biopharmaceutical sector with a £200m deal this year for a vaccines manufacturing plant on Teesside. from £18.5m

article thumbnail

UK Contracting Giant Carillion Collapses as Rescue Talks Fail

ENR Construction

Government and partners take steps to secure contracts, employee pay as lenders bail on deal to fix firm's $2.1 billion debt; some fears of industry-wide impacts.

article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

The construction loan approval process is usually very rigorous, since the loan isn’t secured and doesn’t involve collateral. Compare their down payment, loan rates, and terms to find the best deal. Consider looking at multiple lenders to see their specific procedures and programs.

article thumbnail

Jacobs agrees to acquire CH2M

BD+C

Dallas-based Jacobs will finance this deal, valued at $3.27 billion (including assumption of $416 million of CH2M debt), with 60% cash and 40% stock. The firm has secured financing, including a $1.2 -based consulting and program management firm that is a leader in infrastructure, environmental, and government sectors.

Debt 40
article thumbnail

HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

Finance 120